Tag archive for ‘crude’
By gossewestra On Saturday, January 13th, 2018
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Crude Oil Prices to Remain Bid as Overbought Conditions Persist

Fundamental Forecast for Crude Oil Prices: Bullish Crude remain bid as the Organization of the Petroleum Exporting Countries (OPEC) and its allies extend the production cuts from 2017, and oil prices may continue More...

By gossewestra On Wednesday, January 10th, 2018
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Crude Oil Prices Soared on API Inventory Data, EIA Equivalent Ahead

Talking Points: Crude oil prices soar as API reports massive 11.2mb drop in US inventories Gold prices pull back to range floor but a convincing breakout still elusive What are the forces driving long-term crude More...

By gossewestra On Tuesday, January 9th, 2018
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Gold Price Chart Hints at Topping as Crude Oil Eyes API, EIA Reports

Talking Points: Gold prices may continue to tread water until Friday’s top-tier US reports Crude oil prices eyeing supply chain dynamics in API data, EIA forecasts What do retail traders’ bets suggest More...

By Investing.com On Wednesday, December 27th, 2017
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Opening Bell: Crude Hits 2.5 Year High; Copper Climbs; USD Wobbles

by Pinchas Cohen Commodities post longest winning streak in a decade Emerging market currencies strengthen Bitcoin rises for a third day; traders hope bottom is in investor anxiety climbs over debt ceiling Key More...

By gossewestra On Wednesday, December 27th, 2017
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Crude Oil, Gold Prices Soar as US Dollar and Treasury Yields Plunge

Talking Points: Crude oil prices rise to levels unseen since mid-2015 as the US Dollar sinks Gold prices find familiar support as Treasury bond yields fall alongside USD What are the forces driving long-term crude More...

By gossewestra On Friday, December 22nd, 2017
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A Weekly Technical Perspective on Gold, Copper, Crude

In this series we scale-back and take a look at the broader technical picture to gain a bit more perspective on where we are in trend. Here are the key levels that matter on the commodity bloc heading into the yearly More...

By gossewestra On Thursday, December 21st, 2017
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Crude Oil Prices Pushed Closer to Breakout By EIA Inventories Data

Talking Points: Crude oil prices edged up on EIA statistics, bringing them closer to breakout Gold prices continued to recover as 2018 Fed rate hike expectations cooled What are the forces driving long-term crude More...

By gossewestra On Wednesday, December 20th, 2017
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Crude Oil Price Analysis: Multi-month Consolidation Break Imminent

To receive Michael’s analysis directly via email, please SIGN UP HERE Crude Oil Weekly Technical Outlook: Crude prices rallied though the yearly range highs & confluence resistance at the 55-handle in More...

By gossewestra On Monday, December 18th, 2017
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Gold Prices Eye US Tax Reform as Crude Oil Weighs Supply Trends

Gold prices may edge down as US tax cut legislation moves through Congress. Meanwhile, crude oil continues to weigh the tug of war between US and OPEC-led producers.  More...

By gossewestra On Friday, December 15th, 2017
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Crude Oil Prices Struggle, Gold May Return to the Offensive

Talking Points: Crude oil prices struggle to find fuel to break range boundaries Gold prices may return to the offensive following a brief pause Haggling over US tax cut plan may inspire week-end volatility Crude More...